This module allows you to analyze existing cross correlation between Best Buy Co Inc and Wilshire US Large Cap Value Ind. You can compare the effects of market volatilities on Best Buy and Wilshire US and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in Best Buy with a short position of Wilshire US. See also your portfolio center. Please also check ongoing floating volatility patterns of Best Buy and Wilshire US.
|Time Horizon||30 Days Login to change|
Considering 30-days investment horizon, Best Buy Co Inc is expected to under-perform the Wilshire US. In addition to that, Best Buy is 2.61 times more volatile than Wilshire US Large Cap Value Ind. It trades about -0.13 of its total potential returns per unit of risk. Wilshire US Large Cap Value Ind is currently generating about -0.28 per unit of volatility. If you would invest 541,870 in Wilshire US Large Cap Value Ind on January 20, 2018 and sell it today you would lose (14,516) from holding Wilshire US Large Cap Value Ind or give up 2.68% of portfolio value over 30 days.